Federal stimulus checks acted as a lifeline for millions of Americans as the pandemic ruined jobs and savings accounts.
While they were intended to help Americans get back on their feet, they may have done more harm than good.
Evidence shows that while it wasn’t entirely due to stimuluus checks, they helped fuel inflation.
Other issues like supply and demand as well as conflict in Ukraine had a hand in inflation as well.
Stimulus checks from states
Federal stimulus checks have since ended, but many states continue to send their residents checks who need it the most.
In California, residents saw up to $1,200 thanks to the Golden State Stimulus I and II checks.
If you filed your taxes by Oct. 15, 2021 and made $75,000 or less then you’ll see a check.
In Colorado, Governor Polis will send at least $400 to taxpayers by Sept. 2022.
Delaware is sending $300 to single people and $600 to married couples.
Indiana residents are seeing $125 payments thanks to a budget surplus. Married couples will see $250.
Georgia residents are seeing rebates of $250-$500.
Hawaiian residents are getting $300 if they make less than $100,000, and $100 for those who make more.
Maine is sending one of the bigger payments of $850 to qualifying residents.